Is MELI or PDD cheaper?

On trailing earnings, PDD is cheaper: MELI trades at a 42.75 P/E and PDD at 7.93.

Which has grown faster, MELI or PDD?

Over the past five years, MELI grew revenue faster — MELI at a 46.59% CAGR versus PDD at 40.98%.

Is MELI or PDD more profitable?

PDD runs the higher net margin — MELI at 6.04% versus PDD at 21.53%.

Which has been the better investment, MELI or PDD?

Over the past 5-year, MELI delivered the higher annualized total return — MELI at 28.55% versus PDD at -10.50%. Past performance doesn't predict future results.

MercadoLibre, Inc. (MELI) vs PDD Holdings Inc. (PDD)

PDD leads on 9 of 13 compared metrics.

A side-by-side comparison of MercadoLibre, Inc. and PDD Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 26, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MELI

MercadoLibre, Inc.

$82.09B

$1619.25Consumer Cyclical

PDD

PDD Holdings Inc.

$104.33B

$73.30Consumer Cyclical

Total return — MELI vs PDD

growth of $100 · last 8y

MELI +345.2%PDD +174.5%MELI compounded faster

MELI PDD

MELI vs PDD: by the numbers

•PDD is the larger company ($104.33B vs $82.09B market cap).
•PDD trades at the lower earnings multiple (7.93 vs 42.75 P/E).
•PDD converts more revenue to profit (21.53% vs 6.04% net margin).
•MELI grew revenue faster over the past five years (46.59% vs 40.98% CAGR).

Which is better, MELI or PDD?

Metric tally: MELI 4 · PDD 9

It depends on what you're optimizing for:

ValuePDD(lower P/E)

GrowthMELI(faster 5Y revenue CAGR)

QualityPDD(higher ROIC)

Metrics side by side

Valuation

Metric	MELI	PDD
P/E ratio	42.75	7.93●
Forward P/E	28.62	—
P/S ratio	2.58	1.73●
P/B ratio	11.27	1.77●
PEG ratio	11.34	—
EV / EBITDA	26.80	4.11●
FCF yield	13.04%	13.77%●

Profitability

Metric	MELI	PDD
Gross margin	43.86%	55.98%●
Operating margin	9.59%	22.17%●
Net margin	6.04%	21.53%●
ROE	26.37%●	22.09%
ROIC	11.78%	18.11%●

Growth (annualized)

Metric	MELI	PDD
Revenue CAGR (5Y)	46.59%●	40.98%
EPS CAGR (5Y)	83.23%	—
FCF CAGR (5Y)	73.42%●	28.98%
Total return CAGR (5Y)	0.99%●	-10.50%

Frequently asked

Which is better, MELI or PDD?: It depends on your goal. value: PDD (lower P/E); growth: MELI (faster 5Y revenue CAGR); quality: PDD (higher ROIC). Across all compared metrics, PDD leads 9 to 4.
Is MELI or PDD cheaper?: On trailing earnings, PDD is cheaper: MELI trades at a 42.75 P/E and PDD at 7.93.
Which has grown faster, MELI or PDD?: Over the past five years, MELI grew revenue faster — MELI at a 46.59% CAGR versus PDD at 40.98%.
Is MELI or PDD more profitable?: PDD runs the higher net margin — MELI at 6.04% versus PDD at 21.53%.
Which has been the better investment, MELI or PDD?: Over the past 5-year, MELI delivered the higher annualized total return — MELI at 28.55% versus PDD at -10.50%. Past performance doesn't predict future results.

Go deeper

Full MELI analysis Full PDD analysis Interactive comparison tool

Dig into the metrics

MercadoLibre P/E ratio PDD P/E ratio MercadoLibre dividend yield PDD dividend yield MercadoLibre ROE PDD ROE MercadoLibre operating margin PDD operating margin MercadoLibre revenue growth PDD revenue growth MercadoLibre free cash flow PDD free cash flow

MercadoLibre & PDD appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 26, 2026.